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Oil output
Crude Oil
OPEC, Allies Agree to Keep Oil Output Steady into April
The Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed on Thursday to largely continue current production levels into April.
Crude Oil
Norway: December Oil Output Rises Above Expectations
Norway ended 2020 on a high note with oil production in December 2020 above forecasts made by the Norwegian Petroleum Directorate.
Oil Field
Lukoil Reaches Oil Output Milestone on North Caspian Sea Fields
Russian independent oil company Lukoil has exceeded a cumulative production of 35 million tonnes from its Yury Korchagin and Vladimir Filanovsky fields in the N…
Crude Oil
Novak Says Russia Backs OPEC+ 500,000 bpd Oil Output Hike from February
Russia expects to support an increase in oil production by the group, known as OPEC+, of another 500,000 barrels per day from February at next month’s summit o…
Oil Shale
U.S. Shale Oil Output to Drop 136,000 bpd to 7.44 million bpd in Jan – EIA
U.S. oil output from shale formations is expected to decline by about 136,000 barrels per day in January to 7.44 million bpd, the lowest since June, the U.S. En…
Crude Oil
OPEC President: OPEC+ Shouldn’t Hurry To Ease Oil Output Cuts
The OPEC+ group of producers must continue to calibrate the easing of its collective oil production cuts to the still fragile global oil demand in the pandemic.
Oil Field
Sudan to Start Producing Oil at Al-Rawat Oilfield within Two Weeks
Sudan has been trying to lift oil production to lower costly fuel imports after losing 73% of oil output when South Sudan seceded in 2011.
Crude Oil
Libya Oil Output Hits 800,000 Bpd
Libya’s crude oil production has reached 800,000 bpd.
Oil & Gas Trade
OPEC+ to Stick with Plans to Ease Output Cuts, Says Russia's Novak
Russian Energy Minister Alexander Novak on Wednesday said that the OPEC+ group of leading oil producers will start easing output curbs as planned despite a glob…
Crude Oil
Libya’s Central Banks Wants To Lift Oil Output To 1.7 Million Bpd
The governor of the Libyan central bank has called for the increase of oil production to 1.7 million bpd as soon as possible as the country’s economy continues…
Crude Oil
Iraq Pledges to Deepen Oil Output Cuts in August, September
Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in the …
Crude Oil
Angola Oil Output to Fall Below 1.2mn b/d by 2023: ANGP
The agency predicts a slight rebound next year but expects the growth to be short-lived.
Crude Oil
Russia is Raising Crude Oil Output as OPEC+ Cuts Ease
OPEC+ producers from Aug. 1 have agreed to slim their output cuts to 7.7 million barrels per day from 9.7 million bpd.
Oil & Gas Trade
Kuwait Heavy Oil Output to Hit 75,000 b/d by September
State-owned KPC's upstream arm KOC has been ramping up production from the South Ratqa heavy oil field and expects to reach its phase one plateau target of 60,0…
Oil & Gas Trade
Libya's NOC Blames UAE for Halt to Oil Output, Exports
Libya, with largest oil reserves in Africa, can produce 1.2 million barrels of crude oil per day.
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